Perigon Wealth Management LLC Has $557,000 Position in TJX Companies Inc (TJX)
Perigon Wealth Management LLC boosted its holdings in TJX Companies Inc (NYSE:TJX) by 4,108.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,850 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,711 shares during the quarter. Perigon Wealth Management LLC’s holdings in TJX Companies were worth $557,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. CIBC Asset Management Inc grew its stake in TJX Companies by 2.0% during the second quarter. CIBC Asset Management Inc now owns 87,339 shares of the apparel and home fashions retailer’s stock worth $8,313,000 after buying an additional 1,753 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in TJX Companies during the second quarter worth about $121,730,000. Sun Life Financial INC lifted its position in shares of TJX Companies by 623.8% during the second quarter. Sun Life Financial INC now owns 1,701 shares of the apparel and home fashions retailer’s stock worth $162,000 after purchasing an additional 1,466 shares in the last quarter. Reynders McVeigh Capital Management LLC lifted its position in shares of TJX Companies by 2.3% during the second quarter. Reynders McVeigh Capital Management LLC now owns 33,370 shares of the apparel and home fashions retailer’s stock worth $3,176,000 after purchasing an additional 743 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of TJX Companies by 121.9% during the second quarter. Private Advisor Group LLC now owns 24,887 shares of the apparel and home fashions retailer’s stock worth $2,363,000 after purchasing an additional 13,673 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the stock. Guggenheim reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday. MKM Partners set a $120.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday. Bank of America upped their target price on shares of TJX Companies from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada upped their target price on shares of TJX Companies to $114.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Loop Capital reiterated a “hold” rating and set a $105.00 target price on shares of TJX Companies in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $101.88.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the business posted $0.85 earnings per share. TJX Companies’s revenue was up 11.6% compared to the same quarter last year. research analysts predict that TJX Companies Inc will post 4.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.56 annualized dividend and a yield of 1.44%. TJX Companies’s dividend payout ratio is currently 38.61%.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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